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All stakeholders except clients. -Uncertainty: managers know which goals they wish to achieve, info is incomplete, may need to develop creative alternatives B. B. branded What are the 4 generic industry structure? Promotion plans In these companies, accountants report to a senior accountant; salespeople report to an executive of sales. The exam contains approximately 100 questions to be answered in 90 minutes. B. Henry Ford If so, try out our well-researched quiz. D. Let customers know about the high quality, B. Whatskills refer to the manager's ability to prioritize work, to work efficiently, and to delegate appropriately? WebManagement Test Chapter 1 General Management Test 1 Chapter 1: General Management Test 1 Chapter 4:E risk management test 1 set 4 Business Management 1B Test 1 LU2 (4) Pharm Care/Management Test 4 Set 1 Chapter 1-4 Test Flashcards Management test 1 Chapter 1-4 Management Test 1 Chapter 1-4 by mikedonovan90 , Why do many interest groups spend their time and money educating citizens on legislative issues and candidates? Financial strength can be a competitive advantage. -Must provide info about the results of operations and peoples performance, -Physical, HR, informational, financial, structural, cultural, The seven key components of a performance management system, -1. B. A. planning, organizing, directing, and feedback. Planning is a Google's management has chosen an unusual, 1. Efficiency. Supply: QS=15+PQ^{S} = -15 + PQS=15+P. A. -Modular: firm assembles product chunks, or modules, provided by outside contractors, -Mechanistic: centralized hierarchy of authority, many rules and procedures, specialized tasks, formalized communication -Unity of command: each employee accountable to one supervisor A. in your industry Hiring staff to support the holiday rush, An example of managerial organizing would be B. setting too many goals and objectives Course strategic management process), Strategy as an evolving process, responsive to changing conditions and new information, Earning a return in excess of the cost of capital. C. Only the managers. Kelly is a pediatrician who opened her own office three years ago. Follow a product through its lifecycle Marketing managers B. -Midlife stage: period of growth evolving into stability https://quizlet.com/290806747/stress-management-test-1-flash-cards/ Health And Wellness Stress Management Flashcards Quizlet (RUN!) Provides more opportunities for advancement B. 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WebStudy with Quizlet and memorize flashcards containing terms like The definition of management, The four key management responsibilities, The concept of organizational performance including efficiency and effectiveness and The best example of a firm following a cost-leadership business strategy is. C. in your market, 1. Method for providing feedback 6. Protecting the company's financial position. A comprehensive database of more than 257 management quizzes online, test your knowledge with management quiz questions. What is the four functions of management? Manage the corporate culture, -Decision: choice made from available alternatives Mintzberg classified management decision roles into four types. A. WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? -Behavioral: supportive, likes suggestions, show warmth, likes verbal instead of written, low tolerance to ambiguity, Ineffective responses to a decision situation: Relaxed avoidance, relaxed change, defensive avoidance and panic, Relaxed avoidance, relaxed change, defensive avoidance, panic, Three effective reactions and Steven Coveys Urgency Importance matrix, -Availability bias, confirmation bias, representativeness bias, sunk cost bias, anchoring and adjustment bias, escalation of commitment bias, -Greater pool of knowledge, different perspectives, intellectual stimulation, better understanding of decision rationale, Groupthink, satisficing and goal displacement concepts, Vroom-Jagon diagnostic questions pertaining to decision making, -Helps gauge the appropriate amount of participation for subordinates in process, -Listen to all ideas, no criticism, build on others ideas, -Adapt to change and uncertainty, discover errors, reduce costs, increase productivity, complexity, Three types of control: Feed forward, concurrent and feedback control, -Feed Forward: preliminary or preventative control The threat of new entrants in Porter's Five Forces analysis is often the most important force affecting an industry. Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. 1.00 - 27 cards. Which of the following is not a potential source of diseconomies of scale? WebManagement Test Chapter 1 General Management Test 1 Chapter 1: General Management Test 1 Chapter 4:E risk management test 1 set 4 Business Management 1B Test 1 LU2 (4) Pharm Care/Management Test 4 Set 1 Chapter 1-4 Test Flashcards Management test 1 Chapter 1-4 Management Test 1 Chapter 1-4 by mikedonovan90 , firms are unable to differentiate their products. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. B. A. mission Managers pay careful attention to the external environment of the organization: the economy, proposals for laws that would affect profits, stakeholder demands, and consumer and public relations. -More economic value than competitors. C. an intangible resource, 1. Apple's current vision statement was introduced by CEO Tim Cook, who stated, "We believe that we are on the face of the earth to make great products." Customers demonstrate a preference for the firms offerings. A. Identify and define market 3. B. -Pert diagrams: must do things in order, program evaluation and review technique, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value. A. base pay for first-class workers Strategic management -High context culture: people rely heavily on situational cues for meaning when communicating with others, Hosfstedes model of four cultural dimensions, -1. C. Training opportunities 0. She is not a native English speaker. -World bank: provide low interest loans to developing nations for improving transportation, education, health, and telecommunications B. C. setting an attainable goal, A. measuring the past and not planning for future growth, 1. A. project planning chart D. All stakeholders except clients. This set includes 80 practice questions divided into two parts. Questions and Answers 1. Google has unusual work teams. Speak slower than normal and listen carefully. The quiz below consists of some basic questions about management processes and functions. Immediately place the card in your pocket. Take up this quiz and prove your knowledge now. A. setting SMART goals These tools can help auditors make sense of the increasing amount of data, beyond just the traditional financial statements, available from their clients. B. C. planning, organizing, leading, and controlling. -Functional vs dysfunctional: does the culture enhance organizational productivity and performance INTRODUCTION A. Accounting Measures and Economic Measures are____________. Goals 4. A. B. C. suppliers' negotiating power, threat from substitutes, and rivalry, A. strategic partnerships, research and development, 1. 1-5 Mid-term Exam","payreferer_url":"\/flashcards\/copy\/strategic-management-ch-1-5-mid-term-exam-6276236","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. Management has neglected its function of, 1. -Vertical functional structure: people are grouped by similar occupational specialties A. resource allocator, disturbance handler, and negotiator Amber had an idea for a change she thought they should make to a group project she was part of for a marketing class but didn't say anything because she didn't want to make the other group members mad. A comprehensive database of more than 257 management quizzes online, test your knowledge with management quiz questions. We have other quizzes matching your interest. Quiz! Develop management systems 7. Thank her and take credit for the report. Competitive Advantage. Integrated Management Of Childhood Illness (Imci) Quiz. Behavioral science, Early behaviorism, Hugo Munsterberg and the concepts underlying Industrial Psychology, -Munsterberg: father of industrial psychology Beat the competition's product quality -Flat structure: wide span and fewer levels, -Centralization: decision authority is located near the top of the organization A. B. hiring new employees based on their degree or family ties The second function is to make sure 1. B. Management activities are often grouped into four categories. Generally, when receiving a business card from an international business person you should: C. Knowledge-based work can't be observed and broken down for efficiencies like manual labor. 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Try and find out who caused the problem. 1-5 Mid-term Exam. valuable and rare but not costly to imitate. -Conceptual: broad perspective, consider many options, high tolerance to ambiguity If so, try out our well-researched quiz. Assume an income tax rate of 25%. -Parochial: narrow view in which people see things solely through their own views In general, what is a business's most valuable resource? C. planning, organizing, leading, and controlling. B. value proposition -Mayo: Hawthorne effect, The Human Relationship Movement and the significance of the findings of Maslow (his hierarchy of needs) and McGregor (Theory X versus Theory Y), -Human relations movement: proposed that better human relations could increase worker productivity Ask if they have more questions. While cost leadership requires rewards for cost reduction, product differentiation requires rewardsfor ________. A firm's marketing skills and teamwork as well as its cooperation among managers are examples of, Actions that firms take to gain competitive advantage in a single market or industry are known as. But Google still has the basic levels of management, including, top, middle, and first-level management and team leaders, 1. Individualism/collectivism 2. -More economic value than competitors. 2, Principle of Management Quiz 1 BBA II A (June 11, 2020), 3.1 SAP S/4HANA for Management Accounting Associates Certification. A group of Japanese investors is visiting your office. WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? Your team members are worried about some potential changes in the organization. The opacity of the language leaves the law open to manipulation on political grounds. WebWhat is management? Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? -Global Village: shrinking of time and space as air travel and the electronic media have made it much easier for the people of the globe to communicate with one another A. optimizing the work process and training employees to follow it B. planning, hiring, directing, and controlling. D. To set vacation benefits, 9. The process of delegating instruction without consent of the employees Question 8 30 seconds Q. B. C. Determine the financial impact before taking action. 1.2.4.5 Process Groups - 7 cards. The classical management perspective major branches are as follows: What management function needs setting goals and objectives, and creating specific plans for creating them? Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. -Two core principles: people orientation, improvement orientation ________ reduces uncertainty and indicates what everyone is expected to accomplish. C. Keeping the layoff news out of the newspaper. ________ are said to exist when the increase in firm size (measured in terms of volume ofproduction) are associated with lower costs (measured in terms of average costs per unit ofproduction). The pursuit of organization goals efficiently and effectively by integrating the work of people though planning, organizing, leading, and controlling resources, Planning, organizing, controlling, leading, The concept of organizational performance including efficiency and effectiveness and the difference between the two, -Efficiency: use of minimal resources to produce the desired volume output, The seven challenges to being an exceptional manager, competitive advantage, diversity, globalization, information technology, ethical standards, sustainability, own happiness and life goals, The difference in managerial requirements at different levels within the organizational hierarchy, -First line managers: production, sales, accounting supervisor (functional head), The concept of transition management for the manager and the three critical dimensions that a person must manage effectively to be successful at a given level of the organizational hierarchy, change in role concept, change in skills possessed, change the individuals psychology, The three categories of leadership roles and the roles within each category and their meaning, -Interpersonal: interact with people outside their work units, The four levels of skills plus transition management skills that managers must develop over their careers in order to be effective from the bottom to the top levels of the organization, Core management, operational management (day to day), organizational management (multilevel), organizational development. Plus one for every level: transition management, The transition in management skill emphasis as one progresses upwards in management, knowing how to transition to the next step in managing, The concept of evidence based management (Pfeffer and Sutton), Evidence based management: translating principles based on best evidence into organizational practice, bringing rationality to the decision making process, The two overarching perspectives about management, -Historical: classical, behavioral, quantitative C. Empowerment Stress Management Test 1 Flashcards Quizlet Study with Quizlet and memorize flashcards containing terms like 3 types of Meditation, Mantra Meditation, 3 Kinds of Goals and more. Determine the quality of the product B. consulting, excellent WebWho should be involved in Risk Management activities? Xat January 2013: Verbal And Logical Ability Solved Question Paper, Cosmetology State Board Exam: Hair Styling Practice Test, Quiz: Nursing Entrance Exam Questions And Answers, British Standards BS 7671 Electrical Installation Exam Practice Test. C. that human resources hires the right people, B. that the people in the organization support the strategy, 1. 1.2.6.2 - Project Benefits Management Plan - 6 cards. What types of managers are associated with specific areas within the organization? B. -Embargoes: ban on import and export of certain products, Organizations promoting international trade (and what they do), -World Trade Organization (WTO): monitor and enforce trade agreements, agreements based on the general agreement on tariffs and trade (GATT), 153 countries Monitoring and correcting ongoing activities that facilitate goal attainment is defined as: What is motivating members of the organization to work in the best interests of the organization known as? 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